Articles Tagged "profitability"

Crude oil headed for $71.55 a barrel

Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.

Gain on Higher Crude Oil Prices

Shares of Indian oil & gas producing companies surged this Monday as the higher crude oil prices improved revenue expectations. However, shares of oil marketing companies dipped on concerns higher crude prices may hamper their profitability. For full story, click here